AP Macro Econ Unit 5 Voc Quiz

AP Macro Econ Unit 5 Voc Quiz

12th Grade - University

17 Qs

quiz-placeholder

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AP Macro Econ Unit 5 Voc Quiz

AP Macro Econ Unit 5 Voc Quiz

Assessment

Quiz

Social Studies

12th Grade - University

Practice Problem

Medium

Created by

Deanna Roessling

Used 28+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the difference between tax revenue and government spending

budget balance

Budget deficit

Budget surplus

Deficit spending

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

monetary policy that reduces aggregate demand

contractionary monetary policy

monetary neutrality

quantity theory of money

velocity of money

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the negative short-run relationship between the unemployment rate and the inflation rate

Short-Run Phillips Curve (SRPC)

aggregate production function

Long Run Phillips Curve

Crowding out

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

(M x V = P x Y)

quantity theory of money

the idea that changes in the money supply

relationship between the unemployment rate and the inflation rate

velocity of money

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the ratio of nominal GDP to the money supply; it is a measure of the number of times the average dollar bill is spent per year

velocity of money

improvement in labor

labor productivity

Non-accelerating inflation rate of unemployment

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

a hypothetical function that shows how productivity depends on the quantities of physical capital per worker and human capital per worker as well as the state of technology

aggregate production

Long Run Phillips Curve

Disinflation

monetary neutrality

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

government policies that seek to promote economic growth by affecting short-run and long-run aggregate supply

supply-side fiscal policies

aggregate production function

contractionary monetary policy

budget balance

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